XML 45 R34.htm IDEA: XBRL DOCUMENT v3.24.3

EARNINGS PER COMMON SHARE (Tables)

9 Months Ended

Sep. 30, 2024

Earnings Per Share [Abstract]

Schedule of Basic and Diluted Earnings Per Common Share

The following table sets forth the computation of basic and diluted earnings per common share for the three and nine months ended September 30, 2024 and September 30, 2023:

			Three Months Ended September 30,												Nine Months Ended September 30,
			2024						2023						2024						2023
Basic:
Income from continuing operations			$	1,137					$	1,970					$	2,896					$	4,254
Loss from discontinued operations			—						(47)						(69)						(207)
Net income			1,137						1,923						2,827						4,047
Less: Preferred stock dividends			385						208						1,156						624
Net income available to common shareholders			$	752					$	1,715					$	1,671					$	3,423
Weighted average common shares outstanding			4,134,169						4,105,014						4,133,082						4,096,584
Basic earnings (loss) per common share:
Continuing operations			$	0.18					$	0.43					$	0.42					$	0.89
Discontinued operations			—						(0.01)						(0.02)						(0.05)
Total			$	0.18					$	0.42					$	0.40					$	0.84
Diluted:
Income from continuing operations			$	1,137					$	1,970					$	2,896					$	4,254
Loss from discontinued operations			—						(47)						(69)						(207)
Net income			1,137						1,923						2,827						4,047
Less: Preferred stock dividends			385						208						1,156						624
Add: Series B preferred stock and preferred C stock dividends			—						64						—						193
Net income available to common shareholders			$	752					$	1,779					$	1,671					$	3,616
Weighted average common shares outstanding for basic earnings per common share			4,134,169						4,105,014						4,133,082						4,096,584
Add: Dilutive effects of conversion of Series B preferred stock and Preferred C to common stock			—						250,690						—						253,626
Add: Dilutive effects of assumed exercises of stock options and warrants			—						—						—						4,098
Average shares and dilutive potential common shares			4,134,169						4,355,704						4,133,082						4,354,308
Diluted earnings (loss) per common share:
Continuing operations			$	0.18					$	0.42					$	0.42					$	0.88
Discontinued operations			—						(0.01)						(0.02)						(0.05)
Total			$	0.18					$	0.41					$	0.40					$	0.83

Schedule of Antidilutive Securities Excluded from Calculation of Weighted Average Shares Outstanding

The following securities outstanding at September 30, 2024 and September 30, 2023 have been excluded from the calculation of weighted average shares outstanding as their effect on the calculation of earnings (loss) per share are antidilutive:

			Three Months Ended September 30,												Nine Months Ended September 30,
			2024						2023						2024						2023
Common stock options			364,576						367,461						365,680						374,802
Convertible Series B preferred stock			3,210						0						3,210						0
Convertible Series C preferred stock			6,446						0						6,446						0

X

- References

No definition available.

+ Details

Name:	us-gaap_EarningsPerShareAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of securities (including those issuable pursuant to contingent stock agreements) that could potentially dilute basic earnings per share (EPS) in the future that were not included in the computation of diluted EPS because to do so would increase EPS amounts or decrease loss per share amounts for the period presented, by antidilutive securities.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 50
-Paragraph 1
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482662/260-10-50-1

+ Details

Name:	us-gaap_ScheduleOfAntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of an entity's basic and diluted earnings per share calculations, including a reconciliation of numerators and denominators of the basic and diluted per-share computations for income from continuing operations.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 260
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482662/260-10-50-1

+ Details

Name:	us-gaap_ScheduleOfEarningsPerShareBasicAndDilutedTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration